Living On $110K A Year In Tampa, Florida | Millennial Money

Hemant Saria earns $110,000 a year as a pilot based in Tampa, Florida. The 33-year-old is a first officer on a Boeing 747 cargo airplane and is currently paying off $32,000 in student loans while saving to buy a house with his fiancee. Here's how Hermant makes and spends his money.

This is the latest installment of Millennial Money, which profiles people across the U.S. and details how they earn and spend their money.

Read more about Hemant's budget breakdown here

Saria originally began flying as a pilot so he could save enough money to buy a motorcycle, but he quickly fell in love with flying. He now flies for roughly 15 to 16 consecutive days each month before having two weeks off. As a cargo pilot he earns $110 per hour, plus more for overtime. He's guaranteed 64 hours per month, but can hit over 100 during busy periods.

His guaranteed base salary is $85,000 a year, plus an additional $13,000 in overtime. He also receives between $10,000 and $12,000 to cover daily expenses while he's flying.

Saria's company offers plenty of opportunity for growth: He expects his base salary to increase 10% to 15% annually over the next five years, and once he becomes a captain his earnings will almost double. "You can expect to make at least $200,000 to $250,000 a year," he says.

Although Saria's income is irregular, he and his fiancee base their monthly budget on a set amount. Each month, they expect to have $5,000 to work with after salary deductions for taxes, health insurance and retirement savings, even if he actually brings in more.

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Living On $110K A Year In Tampa, Florida | Millennial Money